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ScottsMiracle-Gro Reaffirms Fiscal 2026 Guidance; Margin Recovery and Growth Plans Remain on Track

SMG
  • Scotts Miracle-Gro reaffirms its fiscal 2026 guidance despite global commodity impacts from the Iran War.
  • Approximately 80 percent of the company's commodities were locked by the close of the second quarter on March 28, 2026.
  • Around 90 percent of the cost of goods sold are sourced domestically, including nearly 100 percent of urea inputs.
  • CEO Jim Hagedorn expresses confidence in delivering gross margin recovery & growth plans without supply or sourcing issues.
  • The company reports strong consumer engagement expected to continue into the third quarter & peak lawn season.
  • Debt-to-EBITDA leverage ratio fell below 4 times at the close of the fiscal second quarter.
  • The company plans to begin a previously announced share repurchase program later in fiscal 2026 following debt reduction.
  • U.S. Consumer net sales growth is forecast in the low single-digits with non-GAAP adjusted gross margin of at least 32 percent.
  • Detailed financial performance will be discussed during the fiscal second-quarter earnings call on April 29, 2026.